gasoline goes up

The increase in exchange rates brings with it increases in fuel oil prices.

According to information given by sources in the sector, as of Monday, July 2, the price of gasoline will increase by 2 liras and 11 cents per liter.

In diesel, there will be no price changes on Monday night.

Diesel was last increased by TL 1.65 on June 20.

WHAT WILL THE NEW PRICES BE?

After the increase, the price of a liter of gasoline will increase to approximately TL 26.19 in Istanbul, TL 26.64 in Ankara and TL 26.67 in Izmir.

The price per liter of diesel is approximately TL 23.87 in Istanbul, TL 24.32 in Ankara and TL 24.44 in Izmir.

Prices vary between provinces, counties and dealers.

THE DOLLAR RISES STRONG AFTER THE ELECTIONS

Exchange rates, which were kept close to the horizontal level by the depletion of Central Bank reserves (CBRT) and borrowing from foreign countries before the elections, rose rapidly after the elections.

The dollar exchange rate, which was at the level of 18.73 at the beginning of the year, had reached TL 19.60 before the May 14 elections and TL 19.98 before the second round on May 28. The exchange rate had exceeded 26 TL on June 26.

The rise of the dollar has exceeded 7 lira since the beginning of the year and 6 lira after the elections. The proportional increase in the value of the dollar exceeded 30 percent for the period after the second round of elections and 39 percent since the beginning of the year.

The increase in the exchange rate is expected to cause an increase in official consumer inflation, which fell to 40 percent.